Commercial and Business News

How To Become A Millionaire, is the name of the recent book on the American shelves, written by Kaplan, one of the most successful and wealthy business women in America.

According to Australian wealth creation experts Chase Edwards, Kaplan emphasized on various occasions that she didnt write this book to gain any profits, and neither does she need them. She wanted to tell the world about her experience of becoming one of the leading business women in America, while hoping to give valuable advice to her readers.

Kaplan was surprised with a certain theory that claims that some people were born with genes that qualify them to be wealthy. The son of a wealthy businessman should be rich because of the genes inherited from his father, but the famous writer refused to accept this theory entirely.

From her perspective, we should distinguish between two types of people, the first type is the already wealthy person, and the other type is the one that is able to earn money himself. It is not necessary that both types exist in the same person. The first type may have millions, but he does not have the ability to make money on his own, and in some cases he might lose his wealth and fall into the abyss of bankruptcy.

The other type could start from scratch and then become a millionaire, and she considers herself a person of the second type. Her career began as an employee at a bank, but she soon discovered that her career is not matching her ambition and she resigned soon after. She started a special project and achieved great success, which strengthened her beliefs that there is no relationship between genes and being rich or poor, but she still believed that some people have special abilities.

She believes that there are certain capabilities that are present in the person that is capable of creating wealth more than any other, and the first of these capabilities is the ability to see opportunities rather than obstacles.

If you want to become wealthy you should also believe in the importance of investing and not just saving, because saving may create the feeling of security, but will not make you a millionaire. In fact, the value of your savings decline with inflation, and revenues may decline with lower interest rates. It is also her opinion that the person who wants to be rich should not only invest in securities, but also in different economic activities.

And of course, for every action there are some risks. Here it is advised that we should be able to accept losses as we accept the profits, especially at the beginning of any potentially profitable activity. Nonetheless, each and every step should be calculated, as one should never confuse risk with gambling.

Finally, after the success of achieving great wealth and building an economic empire, a successful entrepreneur should not be extravagant in spending, but should always spend wisely whatever the size of his fortune. A millionaire is a normal person that takes advantage of the strengths within himself.

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Commercial and Business News